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Do you want to discuss boring politics? (12 Viewers)

  • Thread starter mrtrench
  • Start date Jun 14, 2020
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Captain Dart

Well-Known Member
  • Today at 2:00 PM
  • #58,346
More Labour balls ups.
 

Mucca Mad Boys

Well-Known Member
  • Today at 2:03 PM
  • #58,347
Brighton Sky Blue said:
That Labour government was brought down by Parliament, this one with such a big majority would need to be brought down by its own MPs. Not happening.

We need to focus on giving Labour at least a full term to sort their shit out, considering how long we gave their predecessors. I say it in blind hope rather than expectation as I can’t underscore enough how much of a disaster a Reform government will be.
Click to expand...
The same MPs that revolted over £5bn (or whatever it was) in benefits cuts?

With the Greens waiting in the wings, it’s a v dangerous time for the Labour Party.
 

Ccfcisparks

Well-Known Member
  • Today at 2:04 PM
  • #58,348
Captain Dart said:
More Labour balls ups.
Click to expand...
Which murder is that?
 

Captain Dart

Well-Known Member
  • Today at 2:04 PM
  • #58,349

The stock market is so happy about Reeves speech, just so happy.
 
C

CCFCSteve

Well-Known Member
  • Today at 2:15 PM
  • #58,350
Mucca Mad Boys said:
The same MPs that revolted over £5bn (or whatever it was) in benefits cuts?

With the Greens waiting in the wings, it’s a v dangerous time for the Labour Party.
Click to expand...

Should’ve fronted up to them last year. The welfare changes were botched* but sure there could’ve been a way around it ie just focussing purely on metal health claimants for starters. The left of the party cried austerity when all it was trying to do was slow the rapid forecasted increase and show they have a semblance of control over spending. Said it before and I’ll say it again, if people keep being asked to pay more from their taxes and they don’t see that cash being spent well and improvements in public services, labour are done.

*same as WFP
 
C

CCFCSteve

Well-Known Member
  • Today at 2:16 PM
  • #58,351
Captain Dart said:
View attachment 46953
The stock market is so happy about Reeves speech, just so happy.
Click to expand...

To be fair it’s bounced back since. Most will await the budget before passing judgement
 

Brighton Sky Blue

Well-Known Member
  • Today at 2:24 PM
  • #58,352
Mucca Mad Boys said:
The same MPs that revolted over £5bn (or whatever it was) in benefits cuts?

With the Greens waiting in the wings, it’s a v dangerous time for the Labour Party.
Click to expand...
That is entirely different to bringing about an election where you’re nailed on to lose your seat.
 
Reactions: Sky Blue Pete

Mucca Mad Boys

Well-Known Member
  • Today at 2:30 PM
  • #58,353
CCFCSteve said:
Should’ve fronted up to them last year. The welfare changes were botched* but sure there could’ve been a way around it ie just focussing purely on metal health claimants for starters. The left of the party cried austerity when all it was trying to do was slow the rapid forecasted increase and show they have a semblance of control over spending. Said it before and I’ll say it again, if people keep being asked to pay more from their taxes and they don’t see that cash being spent well and improvements in public services, labour are done.

*same as WFP
Click to expand...
I don’t think Reeves planned to raise income tax in the end, she has just botched her budgets. Spending has increased more than planned and raising minimum wage in addition to increasing employer’s NI has predictably hit low income workers the most. Borrowing has gone up, gilt yields have followed which increases interest of government debt that increases overall public spending.

The lesson Labour seem to have taken from Liz Truss’ mini budget is that ‘tax cuts’ cause the market meltdown, no… it was the overall government balance sheet that kicked it off because they proposed one massive spending increased couple with significant a revenue drop.
 
W

wingy

Well-Known Member
  • Today at 2:34 PM
  • #58,354
CCFCSteve said:
To be fair it’s bounced back since. Most will await the budget before passing judgement
Click to expand...
Why is the budget so late this year,or am I mistaken?
 

Brighton Sky Blue

Well-Known Member
  • Today at 2:36 PM
  • #58,355
Mucca Mad Boys said:
I don’t think Reeves planned to raise income tax in the end, she has just botched her budgets. Spending has increased more than planned and raising minimum wage in addition to increasing employer’s NI has predictably hit low income workers the most. Borrowing has gone up, gilt yields have followed which increases interest of government debt that increases overall public spending.

The lesson Labour seem to have taken from Liz Truss’ mini budget is that ‘tax cuts’ cause the market meltdown, no… it was the overall government balance sheet that kicked it off because they proposed one massive spending increased couple with significant a revenue drop.
Click to expand...
Not sure why tax cuts is in inverted commas here buddy
 

Mucca Mad Boys

Well-Known Member
  • Today at 2:41 PM
  • #58,356
Brighton Sky Blue said:
Not sure why tax cuts is in inverted commas here buddy
Click to expand...
The reason for that is that the changes never came into force… whereas the utility bill support actually did immediately.
 

Brighton Sky Blue

Well-Known Member
  • Today at 2:43 PM
  • #58,357
Mucca Mad Boys said:
The reason for that is that the changes never came into force… whereas the utility bill support actually did immediately.
Click to expand...
Separate to that you said above that a higher minimum wage has hit low income workers the most. Can you explain how please?
 
W

wingy

Well-Known Member
  • Today at 2:45 PM
  • #58,358
Brighton Sky Blue said:
Separate to that you said above that a higher minimum wage has hit low income workers the most. Can you explain how please?
Click to expand...
Poking nose in,lack of opportunity?
 

Brighton Sky Blue

Well-Known Member
  • Today at 2:47 PM
  • #58,359
wingy said:
Poking nose in,lack of opportunity?
Click to expand...
The statement reads like a contradiction so I’m just interested to understand what he means
 
Reactions: wingy

Sky Blue Pete

Well-Known Member
  • Today at 3:01 PM
  • #58,360
The prison crisis is one of those things that you just can’t pin on the Labour government

More than one person has reoffended on release but what choice is there
 
Reactions: LarryGrayson

Grendel

Well-Known Member
  • Today at 3:07 PM
  • #58,361
Sky Blue Pete said:
The prison crisis is one of those things that you just can’t pin on the Labour government

More than one person has reoffended on release but what choice is there
Click to expand...

Stick 4 in a cell
 
Reactions: TomRad85

Sky Blue Pete

Well-Known Member
  • Today at 3:26 PM
  • #58,362
Grendel said:
Stick 4 in a cell
Click to expand...
There’s rules grendel
 
C

CCFCSteve

Well-Known Member
  • Today at 3:26 PM
  • #58,363
I
wingy said:
Why is the budget so late this year,or am I mistaken?
Click to expand...

Im guessing it was left as late as possible in the hope that bond yields would drop. It was a good move as they have, which should reduce borrowing cost projections. although productivity numbers have also come in lower in the intervening period (obviously bad) I presume these would’ve been released pre budget whenever it was held.
 
Reactions: wingy

fernandopartridge

Well-Known Member
  • Today at 3:30 PM
  • #58,364
mmttww said:
Backing themselves into that corner was dumb.

Edit: anyone notice how her voice is weirdly similar (read: irritating) to Starmer's? It shouldn't matter, but...
Click to expand...

PVA said:
Tories broke the same 'no tax rises' pledge just a few years ago.

I don't know why parties continually make such a promise, always comes back to bite you.

Of course it's much more of an issue when this government does it
Click to expand...

This government was the party of the change remember
 
Reactions: Bugsy

Bugsy

Well-Known Member
  • Today at 3:33 PM
  • #58,365
Sky Blue Pete said:
There’s rules grendel
Click to expand...

The rules should go out the window if you commit a crime.
 
Reactions: Marty

Mucca Mad Boys

Well-Known Member
  • Today at 3:40 PM
  • #58,366
Brighton Sky Blue said:
Separate to that you said above that a higher minimum wage has hit low income workers the most. Can you explain how please?
Click to expand...
It’s the double whammy to employers who have responded by cutting jobs and hours to absorb the costs.

The point was that employers could probably absorb one of the costs, but not both and it’s showing in the decline of job vacancies.
 
Reactions: wingy

Sky Blue Pete

Well-Known Member
  • Today at 3:40 PM
  • #58,367
Bugsy said:
The rules should go out the window if you commit a crime.
Click to expand...
Don’t be silly bugsy
There’s good reason for many of the rules unless you juat want to have a criminal underclass that can’t break the cycle
 

Marty

Well-Known Member
  • Today at 3:53 PM
  • #58,368
Sky Blue Pete said:
The prison crisis is one of those things that you just can’t pin on the Labour government

More than one person has reoffended on release but what choice is there
Click to expand...

Ram the prisons full.
 
C

CCFCSteve

Well-Known Member
  • Today at 4:03 PM
  • #58,369
Mucca Mad Boys said:
I don’t think Reeves planned to raise income tax in the end, she has just botched her budgets. Spending has increased more than planned and raising minimum wage in addition to increasing employer’s NI has predictably hit low income workers the most. Borrowing has gone up, gilt yields have followed which increases interest of government debt that increases overall public spending.

The lesson Labour seem to have taken from Liz Truss’ mini budget is that ‘tax cuts’ cause the market meltdown, no… it was the overall government balance sheet that kicked it off because they proposed one massive spending increased couple with significant a revenue drop.
Click to expand...

Agreed. I don’t think it was her intention to raise main taxes, even if the manifesto promise was ridiculous and unnecessary. Unfortunately certain elements outside her control like higher global bond yields, have been exacerbated by own goals such as increasing emp’ers NIC (which didn’t help inflation) and party resistance to any spending controls, which have worsened the overall fiscal position.

The crazy thing is, by not showing even a semblance of perceived control over spending we are probably paying more to borrow, thereby reducing the cash available to spend on public services. We will all have to pay for that now. Unintended but pretty obvious consequences .
 

Brighton Sky Blue

Well-Known Member
  • Today at 4:15 PM
  • #58,370
CCFCSteve said:
Agreed. I don’t think it was her intention to raise main taxes, even if the manifesto promise was ridiculous and unnecessary. Unfortunately certain elements outside her control like higher global bond yields, have been exacerbated by own goals such as increasing emp’ers NIC (which didn’t help inflation) and party resistance to any spending controls, which have worsened the overall fiscal position.

The crazy thing is, by not showing even a semblance of perceived control over spending we are probably paying more to borrow, thereby reducing the cash available to spend on public services. We will all have to pay for that now. Unintended but pretty obvious consequences .
Click to expand...
I find the situation bizarre. Spending apparently out of control but no tangible difference to public services, cost of living and so on.

So where is all the extra money going?
 

Mucca Mad Boys

Well-Known Member
  • Today at 4:32 PM
  • #58,371
Brighton Sky Blue said:
I find the situation bizarre. Spending apparently out of control but no tangible difference to public services, cost of living and so on.

So where is all the extra money going?
Click to expand...
… Is the penny is finally starting to drop?

A lot of people on here just assumed productivity would grow if you chucked money at public services. We voted out the Tories and the convenient ‘boogeyman’ of Tory cuts (even though there no actual cuts to the NHS) can’t be blamed.
 

Brighton Sky Blue

Well-Known Member
  • Today at 4:36 PM
  • #58,372
Mucca Mad Boys said:
… Is the penny is finally starting to drop?

A lot of people on here just assumed productivity would grow if you chucked money at public services. We voted out the Tories and the convenient ‘boogeyman’ of Tory cuts (even though there no actual cuts to the NHS) can’t be blamed.
Click to expand...
You don’t need to take a patronising tone to be honest, but my question actually hasn’t been answered. Where has all this extra money gone?
 

Sky Blue Pete

Well-Known Member
  • Today at 4:40 PM
  • #58,373
Marty said:
Ram the prisons full.
Click to expand...
Then expect everything to get worse
 

Marty

Well-Known Member
  • Today at 4:41 PM
  • #58,374
Sky Blue Pete said:
Then expect everything to get worse
Click to expand...

Why would they get worse?
 

Sky Blue Pete

Well-Known Member
  • Today at 4:42 PM
  • #58,375
Marty said:
Why would they get worse?
Click to expand...
No time or space for reflection, training, education work responsibility and rehabilitation just one merry go round of punish and reoffend until you die
 

Marty

Well-Known Member
  • Today at 4:45 PM
  • #58,376
Sky Blue Pete said:
No time or space for reflection, training, education work responsibility and rehabilitation just one merry go round of punish and reoffend until you die
Click to expand...

If you can't be trusted on the outside you shouldn't be released from prison.
 
C

CCFCSteve

Well-Known Member
  • Today at 4:46 PM
  • #58,377
Brighton Sky Blue said:
I find the situation bizarre. Spending apparently out of control but no tangible difference to public services, cost of living and so on.

So where is all the extra money going?
Click to expand...

I think out of control is a little OTT. More that there’s projected significant increases in say welfare and pensions if we remain on the current path, so they just need to show it’s in mind and they will at least try to keep it in check.

I also do wonder where it’s all going, although a lot has gone in additional interest to be fair. Ultimately though, it’s only been a year, what people expected to change in 12 months I don’t know.
 
Reactions: Brighton Sky Blue

Sky Blue Pete

Well-Known Member
  • Today at 4:47 PM
  • #58,378
Marty said:
If you can't be trusted on the outside you shouldn't be released from prison.
Click to expand...
How many prison places are you proposing at £80000 a pop a year
 

Marty

Well-Known Member
  • Today at 4:48 PM
  • #58,379
Sky Blue Pete said:
How many prison places are you proposing at £80000 a pop a year
Click to expand...

At that price, none.
 
W

wingy

Well-Known Member
  • Today at 4:57 PM
  • #58,380
CCFCSteve said:
Agreed. I don’t think it was her intention to raise main taxes, even if the manifesto promise was ridiculous and unnecessary. Unfortunately certain elements outside her control like higher global bond yields, have been exacerbated by own goals such as increasing emp’ers NIC (which didn’t help inflation) and party resistance to any spending controls, which have worsened the overall fiscal position.

The crazy thing is, by not showing even a semblance of perceived control over spending we are probably paying more to borrow, thereby reducing the cash available to spend on public services. We will all have to pay for that now. Unintended but pretty obvious consequences .
Click to expand...
Can you predict the BOE interest over say six months?
 
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